Treaty Energy Corp. (fka TECO)

[Russian-Trader]

No Assets.

22 What we did not know, or I certainly did not know
23 at the time, was that the physical assets of the
24 company, the drilling rigs and the wireline equipment
25 and all of that, was held on a lien by Hackmeyer Group
Page 62
1 out of Florida and out of here in Texas. That was
2 completely unknown to me.
3 Q. Let me stop you there. Who is the Hackmeyer
4 Group?
5 A. They're a group of individuals who put in money
6 into Treaty.
7 Q. And they have a lien on all of Treaty's physical
8 assets?
9 A. All of Treaty's physical assets. We did not know
10 that until we took the trip to Belize.